Let’s start the week off strong – with the perfect Burbed.com home:
MLSlistings Property Detail for MLS number 625899
20488 STEVENS CREEK BL #01718
Cupertino, CA 95014
Homeowners’ Association Fee:$327
This Condominium has the following features:
MLS#: 625899 Approx Age: 2 Years Approx Sq Ft: 1225
Condominium More than 100 Units Mid Rise (4-8 Stories)
Mediterranean 1 Level 3rd Floor Unit
End Unit 2 Bedrooms 1 Master Bedroom Suite
Being the editor of this site, I’m not phased easily. So when I saw this 2 bedroom condo for $829,000, I thought nothing of it. Let’s ignore for a minute, the fact that this complex is next to a charming 6 (8?) lane street… the fact is that Zillow‘s estimate is dramatically different:
Topping all of this is the fact that this complex used to be called the Verona Apartments, and was a rental. In fact, a 2 bedroom used to rent for at most, $2550.
So let’s see… you could’ve rented this for $2550 a month, but now you would have to pay
$3108 a month if you had an interest only ARM, $4004 if you had a ARM, or $4593 if you had a 30 year fixed (all assuming 10% down.) Plus $327 a month for HOA.
Something doesn’t quite add up about this…